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By admin 2018-06-25

2018-06-22 – Turkey - A CEO whose company exports to seven other countries, and has almost 150 stores in Turkey, expressed that, “We had been informed that we would need a lot of extra documents for imports from China, so we demanded this meeting.” He added that, “The ministry didn’t ask us to stop producing in China. It was a fruitful meeting. We asked them to postpone the plan until at least January 2019, which the ministry will evaluate.” Turkey wants to impose new requirements on textile firms importing material from China, alarming leaders of one of the country’s biggest export industries, three clothing company executives told. They said the plans were discussed at a meeting in Ankara on June 11 between economy ministry officials and representatives of textile companies, who had requested the meeting to ask that the planned measures be delayed or revised. An economy ministry official confirmed the meeting at the ministry, without giving details. The official said that, “We expressed support for production imports from China, but on the condition of bringing value added to Turkey,” Turkey’s textile sector is a pillar of its economy. Ready-to-wear clothing accounted for about 18 percent of Turkey’s $157 billion exports last year. The chief executive of another major Turkish textile company, confirmed that the ministry had been asking for additional documents for textile imports from July, but said the ministry had been asked to postpone the move until January. Cüneyt Yavuz, chief executive officer of jeans retailer Mavi, said he believed the government plan was aimed partly at tackling Turkey’s widening current account deficit, which reached $47.1 billion last year. “The ministry had a plan to increase the documentation of textile imports from China,” Yavuz told and added that, “This plan was only regarding the textile sector... and it would go into effect in mid-July.” He said business leaders at the meeting told the ministry that material imported from China was sold on to other countries such as Russia and the United States, benefiting Turkey. Turkey imported a quarter of its $10.1 billion textile imports from China in 2017, more than half of which are cotton fabrics and intermediary goods. Yavuz said that, “I was told that there would be either a postponing or at least a revision in the ministry’s plans” which were originally intended to go into effect in mid-July, Another senior textile sector executive who attended the June 11 meeting said the new measures included obtaining documents about the Chinese companies they are buying from, which will add costs and cause delays in trade. He added that, “The ministry undersecretary told us that there is a huge trade deficit with China, where our imports are about 10 times the size of exports.” “They want some balance. But they understood our concerns and promised to take another look at the proposed measures.”